London and Dubai 21 December 2015: EIIB-Rasmala, the London headquartered independent investment manager, today announced it has changed its name to Rasmala (‘Rasmala’ or ‘the Group’), effective immediately. Rasmala is listed on the AIM market of the London Stock Exchange (RMA: LSE).
The move underlines the Group’s commitment to its strong Gulf investor base and its continuing role in investing GCC capital into international markets. The Group has also accompanied this rebrand with a refresh of its Rasmala brand identity and logo.
Established in 1999, Rasmala has grown to be a regional leader in asset management and asset-backed finance, and possesses a successful and consistent investment track record. The range of products now includes a number of highly innovative investment solutions in areas such as trade finance, leasing and real estate.
Rasmala’s asset management business also covers equities, fixed income as well as money market funds. The combined assets under management of the Group have now increased to $1.1 billion.
Zak Hydari, Chief Executive, Rasmala, commented: “For more than 15 years, Rasmala has been one of the most recognised and respected brands with Gulf-based investors. Rasmala’s regional pedigree and investment track record has allowed us to create a combined group that now presents a market leading offering of innovative solutions to both regional and international clients.
“We have positioned the combined business to focus on top tier investment management. Our rebrand to ‘Rasmala’ was a logical next step in unifying the group under one solid, trusted brand. We now look to accelerate the expansion of the group into more new products and markets,” he added.
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About Rasmala www.rasmala.com
Established in 1999, Rasmala is a London-headquartered independent investment manager. Rasmala provides asset management and asset-backed financing solutions to pension funds, family offices, corporates and financial institutions. The Rasmala team is highly experienced with in-depth market knowledge and a strong track record of investment performance. Rasmala is listed on the AIM market of the London Stock Exchange and regulated by the UK Financial Conduct Authority. Rasmala operates regulated subsidiaries in the UAE, Oman and Egypt.